SALT CONSTRUCTION LIMITED

Company Registration Number:
09063727 (England and Wales)

Unaudited abridged accounts for the year ended 30 November 2023

Period of accounts

Start date: 01 December 2022

End date: 30 November 2023

SALT CONSTRUCTION LIMITED

Contents of the Financial Statements

for the Period Ended 30 November 2023

Balance sheet
Notes

SALT CONSTRUCTION LIMITED

Balance sheet

As at 30 November 2023


Notes

2023

2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Tangible assets: 3 15,958 17,802
Total fixed assets: 15,958 17,802
Current assets
Stocks: 162,575 117,033
Debtors:   104,493 30,212
Cash at bank and in hand: 182,236 165,529
Total current assets: 449,304 312,774
Creditors: amounts falling due within one year:   (341,041) (289,057)
Net current assets (liabilities): 108,263 23,717
Total assets less current liabilities: 124,221 41,519
Total net assets (liabilities): 124,221 41,519
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 124,121 41,419
Shareholders funds: 124,221 41,519

The notes form part of these financial statements

SALT CONSTRUCTION LIMITED

Balance sheet statements

For the year ending 30 November 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 01 February 2024
and signed on behalf of the board by:

Name: N P Salt
Status: Director

The notes form part of these financial statements

SALT CONSTRUCTION LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods suppliedand services rendered, net of discounts and Value Added Tax.Revenue from the sale of goods is recognised when the significant risks and rewards of ownership havetransferred to the buyer (usually on despatch of the goods); the amount of revenue can be measuredreliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurredor to be incurred in respect of the transactions can be measured reliably.

Tangible fixed assets and depreciation policy

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value,over the useful economic life of that asset as follows:Plant and machinery - 25% reducing balanceFittings fixtures and equipment - 25% reducing balanceMotor vehicles - 25% reducing balanceIf there is an indication that there has been a significant change in depreciation rate, useful life orresidual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Other accounting policies

StocksStocks are measured at the lower of cost and estimated selling price less costs to complete and sell.Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocksto their present location and condition

SALT CONSTRUCTION LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

2. Employees

2023 2022
Average number of employees during the period 4 4

SALT CONSTRUCTION LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

3. Tangible Assets

Total
Cost £
At 01 December 2022 91,871
At 30 November 2023 91,871
Depreciation
At 01 December 2022 74,069
Charge for year 1,844
At 30 November 2023 75,913
Net book value
At 30 November 2023 15,958
At 30 November 2022 17,802